Lexo0o

CRYPTO TRADING BOOTCAMP - DAY 1

Goal: Understand what crypto is + set up and explore Binance.

Lesson 1: What is Cryptocurrency?

A. The Concept

Cryptocurrency is digital money that works without banks. It’s secure because it uses blockchain technology.

Think of blockchain as a digital notebook shared by thousands of computers. Every transaction is recorded and can’t be changed.

B. Popular Cryptocurrencies

1. Bitcoin (BTC) - The first and most valuable.

2. Ethereum (ETH) - Supports smart contracts (apps run on blockchain).

3. BNB (Binance Coin) - Native token of Binance.

4. USDT (Tether) - A stablecoin (always around $1) for trading easily.

C. What is Crypto Trading?

You buy low, sell high to make a profit.

You can trade in two main ways:

1. Spot Trading - Buy/sell actual crypto.

2. Futures Trading - Predict prices going up/down with leverage (risky but profitable once trained).

$BTC $ETH $BNB

Practical Task #1
Visit any crypto insights plartgorm and look at:

Current price of BTC, ETH, and BNB.

24-hour percentage change.

Market cap.

> Your Job: Write these in your notes. Ask yourself: “Which one dropped in price today?” If it dropped, imagine buying it low and selling when it goes back up.
#Beginnersguide #learntrading